Cypress West to spend $3M modernizing newly acquired ASC

Healthcare property manager Cypress West Partners has acquired a 30,000-square-foot vacant medical office building with an ASC in Mesa, Ariz., according to a May 16 report from the Daily Independent. 

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The building was acquired from a local physician group that has operated it since 2002. 

Cypress will invest $3 million in capital improvements, including modernizing the 10,000-square-foot ASC to licensing standards and providing two operating rooms with the ability to expand to four, according to the report. 

The updates and improvements are expected to be complete in September 2024. 

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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